1. Emerging National Concerns for Higher Education (and Welcome Back) 2014 Annual Faculty Conference Terry Parker, Provost

2. 2 Mines by the numbers: Faculty  Last three years: 30+ searches per year  This year: 30+ searches

3. 3 Mines by the numbers: the message is we are doing well  Faculty: ~283 today  Total full time employees ~850  Students  ~4200 undergrads  ~1300 grads  Undergrad applicants: 13000+  Overall Yield: 24+%  Improved demand for our graduate degrees  Research $58M  Retention of freshman: 93.8% (predicted)  Fall 2013 cohort  ~~52% predicted 4-year graduation rate  Highest prior graduation rate 46% (2010 cohort)

4. 4 Capital Infrastructure has been a focus area to properly support the total campus  Funding for Academic buildings has been a mix of fee based and private donation  We continue to actively manage our space portfolio to meet current needs Major Projects 2009 - 2014 Marquez Hall & Classroom Wing$37.6M Brown Hall$32M Maple Hall $28M Weaver Hall$10M W. Lloyd Wellness Center$3.2M CSE Wind tunnel$1.2M Pedestrian Plaza$1M F Lot parking improvements$1M REMRSEC laboratory$800K Hill Hall Cleanroom$750K 2012-14 Academic infrastructure~$6M Stadium$22M Elm Hall$30M Major Academic Building$45M

5. 5 The last ten years have been challenging for higher education  What was “special” about the last ten years  Nationwide decline in state funding  Nationwide significant rise in tuition  But we have done well: WHY?  Funding decline, 1980 to 2011 by state *  Colorado 69.4%  South Carolina 66.8%  Rhode Island 62.1%  Arizona 61.9%  Except for North Dakota and Wyoming, all states cut funding by 14% or more * “State Funding: A Race to the Bottom,” Winter 2012, American Council on Higher Education

6. 6 We have also responded to these external forces  Focus on Tuition  Tuition went up  Resident/non-resident mix  Student body size  Program to increase graduate student population  Emphasis on Graduate programs and research  Focus on Quality of student experience  Faculty hiring  Residential campus  And more  This is all old news  The STEM tide has been kind to us  The Energy boom plays to our strengths

7. 7  Public “concern” over the cost of higher education  Tuition increases that are much closer to CPI  National emphasis on the publics in terms of cost of attendance  Concern over access and affordability  The cost dilemma:  1.1 trillion in student loan debt today compared to 0.25 trillion in 2003  Rising concern over debt capacity for campuses  July 2014, Moody’s “negative outlook for US Higher Education What are the forces that will shape us in the future?  Cost  Calls for accountability  Competition for students  Concern over business practices  Compliance

8. 8 What are the forces that will shape us in the future?  States moving to performance based funding  24 states with this model, 4 states prior to 2010  This will primarily be a redistribution  Public (and legislative) concern over graduation rates and time to graduate  Focus on assessment  Cost  Calls for accountability  Competition for students  Concern over business practices  Compliance

9. 9 What are the forces that will shape us in the future?  Softening enrollment trends nationwide  Down 0.8% nationally, 2.1% in Colorado, change in Colorado demographic  CU Boulder announces plans to double the size of the College of Engineering  DU: “double down” with investment in new Engineering building  Where will the STEM tide take us?  Cost  Calls for accountability  Competition for students  Concern over business practices  Compliance The number of high school graduates peaked in 2011

10. 10 What are the forces that will shape us in the future?  National conversation regarding adjunct faculty  We are moving away from the adjunct model  Health Care Reform  Navigating complex change  Cost  Calls for accountability  Competition for students  Concern over business practices  Compliance

11. 11 What are the forces that will shape us in the future?  Cost  Calls for accountability  Competition for students  Concern over business practices  Compliance  Alphabet soup of Agencies and concerns  The “good old days” of anything goes or “act and then ask for forgiveness” are gone

12. 12 How should Mines respond to these forces  We are well positioned (the future is ours to lose)  Record fund raising  Record research  High student academic profile  High demand for our degrees  Increasing national and international reputation  We now offer high quality residential, social, and support services  Very high ROI  Highly qualified, dedicated faculty  Dedicated staff

13. 13 How should Mines respond to these forces  Quality in Degrees and Programs  Key to Tuition security  Continued focus on non-resident admissions  Continued careful allocation of resources  Revenue growth where it enhances our brand  And where there is capacity to serve the activity  AND……..ongoing efforts to execute our strategic plan